Slide 1: Q3 Financial Results Fiscal 2026
NASDAQ: TRNS Q3 Financial Results Fiscal 2026 Lee D. Rudow President and CEO Tom L. Barbato Chief Financial Officer February 3, 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than historical fact are forward-looking statements. Forward-looking statements are not statements of historical fact and thus
Slide 3: Q3 FY26 Summary
Q3 FY26 Summary • Q3 Revenue grew 26% vs prior year to $83.9M Consolidated • Q3 Gross Margin expanded 60 basis points to 30.1% Results • Q3 Adjusted EBITDA* increased 27% from prior year to $10.1M • CEO Succession Plan Nearing Completion • Q3 Service Revenue increased 29% to $53.7M Service • Q3 Gros
Slide 4: Revenue
Revenue ($ in millions) Service Segment Distribution Segment Consolidated 29% 20% $30.2 26% $83.9 $53.7 $41.6 $66.8 $25.2 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 • Consolidated revenue up 26% from prior year to $83.9M as both segments grew double-digits • Service revenue growth of 29% driven
Slide 5: Gross Profit and Margin
Gross Profit and Margin ($ in millions) Service Segment Distribution Segment Consolidated 25% 34% 28% $15.5 $25.3 $9.8 $12.4 $19.7 $7.3 29.7% 28.8% 29.1% 32.4% 29.5% 30.1% Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 • Consolidated Gross Profit of $25.3M increased 28% from prior year • Service Gr
Slide 6: Net Income, Diluted EPS, Adjusted Diluted EPS*
Net Income, Diluted EPS, Adjusted Diluted EPS* ($ in millions, except EPS) Net Income (Loss) Diluted EPS Adjusted Diluted EPS* $0.45 $2.4 $0.25 $0.26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 -$1.1 -$0.12 • Net loss of $1.1M driven by increased levels of amortization due to recent acquisitions
Slide 7: Adjusted Operating Income*, EBITDA* and Margin
Adjusted Operating Income*, EBITDA* and Margin ($ in millions) Service Adjusted Distribution Adjusted Consolidated Adjusted Operating Income* Operating Income* EBITDA* 3.9% 66% $5.0 27% $10.1 $4.9 $5.1 $7.9 $3.0 11.8% 9.5% 11.9% 16.4% 11.9% 12.0% Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 • Con
Slide 8: Operating Free Cash Flow
Operating Free Cash Flow ($ in millions) Nine Months Ended • Net Cash from operations higher Note: Components may not add December 27, December 28, compared to prior year to totals due to rounding 2025 2024 • Capital expenditures remain Net cash provided by focused on Service $28.6 $28.4 operations
Slide 9: Balance Sheet Supports Growth Strategy
Balance Sheet Supports Growth Strategy ($ in millions) Capitalization Note: Components may not add December 27, March 29, to totals due to rounding 2025 2025 Cash & Cash Equivalents • 2.00x leverage ratio at quarter- $3.5 $1.5 end (Total debt to TTM Adjusted Total Debt 99.9 32.7 EBITDA*) Total net d
Slide 10: Outlook*
Outlook* 2026 Expectations Service segment: We are optimistic given the momentum building in our service segment driven by strong retention, increased customer activity levels, and realization of new business wins. We expect high single-digit service organic revenue growth for the balance of Fiscal
Slide 11: Questions & Answers
Questions & Answers NASDAQ: TRNS Q3 Financial Results Fiscal 2026 Investor Relations Chris Tyson Executive Vice President MZ Group - MZ North America 949-491-8235 TRNS@mzgroup.us TRANSCAT, INC 35 Vantage Point Drive February 3, 2026 Rochester, NY 14624
Slide 12: Conference Call and Webcast Playback
Conference Call and Webcast Playback • Replay Number: 844-512-2921 (US & Canada) 412-317-6671 (international) passcode: 11160649 Telephone replay available through Tuesday, February 17, 2026 • Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1747104&tp_key=50f6c5b76f • Webcast / Presentation /
Slide 13: Supplemental Information
Supplemental Information 13
Slide 14: Adjusted EBITDA and Operating Income Reconciliation
Adjusted EBITDA and Operating Income Reconciliation ($ in thousands) FY 2026 Q3 FY 2025 Q3 Net Income (Loss) $ (1,101) $ 2,357 + Interest Expense / (Income), net 1,500 (20) + Tax (Benefit) Provision (338) 772 + Depreciation & Amortization 7,130 4,430 + Executive Transition Costs 771 - + Transaction
Slide 15: Adjusted Diluted EPS Reconciliation
Adjusted Diluted EPS Reconciliation ($ in thousands) ($ in thousands except per share data) FY 26 Q3 FY 25 Q3 GAAP Net Income $ (1,101) $ 2,357 Add back (deduct) $ 3,483 $ 1,797 Amortization of Intangibles 3,977 1,879 Acquisition deal costs 45 778 Acq Stock Expense 291 (261) Executive Transition Cos